Youth Savings

Gateway’s Youth Savings Account

Knowing how to spend and save money wisely is a crucial skill for children and young adults. Our Youth Savings Account is ideal for teaching your kids the ins and outs of banking and setting them up for a prosperous future.

Account at a glance

Minimum opening deposit

$5

Minimum balance required to avoid service charge

No minimum balance requirement.

Monthly charge if your account goes below the minimum

N/A, no minimum balance.

Earns interest

Yes

Free online banking

Yes

Free online bill pay

No

Additional benefits

Three (3) free withdrawals/debits per month ($1 for each one after that). Interest will be compounded and credited quarterly.

Important notes

Unlimited withdrawals in person. Federal Regulation and our deposit agreement limit the number of withdrawals and/or transfers that may be made from a savings account by telephone/PC transfer, pre-authorized transfer, check or debit card. You are limited to 6 withdrawals and/or transfers from your savings account each monthly statement cycle by pre-authorized transfer, or telephone/PC transfer (including bill payments). And, if the account permits transfers by check or debit card, no more than 3 of 6 limited transferes may be by check or debit card.

Get in touch with us

helpful information

Keep your money and personal information safe by never giving your account number by phone or email. Gateway Bank will never ask for your account information by email. When in doubt, contact us to verify the legitimacy of the call or email.